In partnership with your credit union

Faqs

What is a first mortgage?

A first mortgage is exactly what it says it is - the first loan on a certain piece of property. No other lien has been taken out on this home. When you first buy a house, the loan you typically receive is a first mortgage.

What is the Federal Housing Administration?

The Federal Housing Administration, generally known as "FHA”, provides mortgage insurance on loans made by FHA-approved lenders throughout the United States and its territories. FHA insures mortgages on single family, multifamily, manufactured homes and hospitals. It is the largest insurer of mortgages in the world; insuring over 34 million properties since its inception in 1934.

What is a Reverse Mortgage?

A reverse mortgage is a loan that enables senior homeowners, age 62 and older, to convert part of their equity into a tax-free income - without having to sell their home, give up title to it, or make monthly mortgage payments. The loan only becomes due when the last borrower(s) permanently leaves the home.

Privacy Policy

We at Allanach Mortgage Group are committed to safeguard all personal and confidential information supplied to us by mortgage applicants!

How we gather information?
As part of our providing our mortgage applicants with financial products and services, we may also obtain information about you from the following sources:

Application forms and other information you provide to us - whether in writing, in person, by telephone, electronically or by any other means. This information may include your Name, Address, References.

Public sources - This information may include real estate records and telephone numbers.

We do not disclose any non public personal information about you to anyone unless you authorize us to do so. All outside companies are not allowed to use this information for purposes beyond specific authorization.

Sharing Information Within The Mortgage Company

Confidentiality and Security
We restrict access to non public personal information about you to our employees, our affiliate employees or others who need to know that information to service your account. We maintain physical, electronic, and procedural safeguards to protect your non public personal information.

Contacting Us
If you have any questions about this privacy statement or would like to learn more about how we protect your privacy, please contact us.

Security Policy

This site is SSL certified with a 256 bit encryption program to protect againstthe loss, misuse and alteration of the information under our control. All the data is protected using the most advanced methods available. We do not store social security numbers longer than 5 days after processing your loan. All other personal data in saved in our protected database and is not used for any purpose other than obtaining a loan.

Terms and Conditions

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